ALBANY, New York, November 16, 2018 /PRNewswire/ --
According to TMR's analysis, the global oncology information
system market was estimated to be worth US$2,285.6 mn in 2017. By 2022, the market is
prognosticated to rise to US$3,293.8
mn. Over the forecast period 2017 to 2022, the global
oncology information system market is anticipated to exhibit a 7.8%
CAGR.
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Higher Accessibility to Critical Data to Push
Growth
Basically, oncology information systems contain a product is
used to conceive treatment results, plan the treatment of the
patient appropriately, and exchange cancer quiet information among
the general medicinal services organizations. These advantages
upgrade the proficiency and security of cancer growth treatment for
the patients. The oncology information systems help the specialists
and doctors to pick the most reasonable treatment to upgrade the
cancer patients' survival rate.
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The oncology information systems market is foreseen to see an
unobtrusive development in the years to come by virtue of the
advantaged given by oncology information systems over the customary
methods of treatment arranging and record keeping. The openness of
a scope of cancer treatments, including radiation treatment and
chemotherapy, and the presence of large patient pool are the key
elements powering the development of the market.
High Adoption by Doctors, Government Support to Augment
Opportunity
Inferable from increment in the quantity of cancer patients, it
is imperative doctors and human services suppliers to monitor the
silent information and plan treatment procedures. The oncology
information system programming causes doctors to enhance the
administration of patient information. In developed nations
especially, the market has picked up from the relentless
development in the field of cancer research. Dispatch of novel
procedures to fight the perilous disease likewise quickens the
market's pace.
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Besides, government help encourages smaller hospitals and
clinics to enhance their general nature of patient consideration.
Government support to research engaged with the revelation of novel
disease medicines has made a situation helpful for the market's
development in developed regions. Inactive lifestyle and the surge
in unhealthy lifestyle factors are different components aiding the
growth of the market.
Be that as it may, the steep management and support costs and
absence of health insurance IT specialists can hamper the growth of
the oncology information systems market over the coming years.
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Due to a high prevalence of cancer, regional markets of
Asia pacific and Europe are expected to witness high growth
opportunity in the global oncology information system market in the
coming years. Based on type, the segment of patient information
systems held nearly 35% of the overall market share in 2017, and is
expected to remain a key segment over the forecast period.
The global market for oncology information systems is forecasted
to witness bountiful growth in the forthcoming years, according to
a report by Transparency Market Research (TMR). The global market
comprises of a large pool of vendors, who are competing fiercely
among themselves. A key strategy adopted by market vendors is
adoption of strategic partnerships, collaborations, and mergers and
acquisitions. Several vendors are also foraying into intense
research and development activities, and investing towards the
production of technologically advanced oncology information
systems. This is expected to further intensify the rivalry in the
global oncology information market over the coming years.
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Leading vendors operating in the global oncology information
system market include Varian Medical Systems Inc., Mckesson
Corporation, Cerner Corporation, Flatiron Health Inc., and
Koninklijke Philips N.V., among others.
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